Tailored solutions and market access
The Kyoto Protocol is an international agreement among industrialized nations that aims to reduce carbon dioxide (CO2) emission and the presence of greenhouse gases (GHG). It acknowledges that developed countries are principally responsible for the high levels of GHG emissions in the atmosphere. The treaty is linked to the United Nations Framework on Climate Change and sets mandatory limits on GHG emissions. This is achieved by issuing internationally binding emission-reduction targets.
The Kyoto Protocol, enacted in February 2005, also marked the lift-off for STX Group (hereafter ‘STX’) as one of the first trading houses in the European Union Emission Trading System (EU ETS). Today, STX has been expanding its portfolio of products into general environmental commodities, and more specifically into renewable energy certificates. These include biofuels, biogas and energy efficiency certificates.
In 2013, STX added Fixed Income products to expand its business, including bonds, loans and deposits, as well as corporate finance. The rationale for this expansion was two-fold. First of all, we have specialized in – and are very knowledgeable about – niche illiquid markets, in terms of both environmental commodities and fixed income.
Secondly, we believe our Fixed Income business is instrumental in establishing environmental projects, as well as essential for trading and broking green bonds.
Since 2016, STX has been rapidly growing from a small team to over 100 people from over 25+ nationalities. These teams are based at its headquarters in Amsterdam and more recently at offices in Gothenburg and New York.
STX’s mission is to provide clients with tailored solutions and access to the, mostly illiquid, international environmental commodities and fixed income markets. We do so by having a broad network of clients in Europe and the US, as well as by having a team of dedicated people who speak the local language. This assists with understanding the local product-specific legislation.
It’s our firm belief that we all need to put our best foot forward in order to make this world a better, cleaner and more sustainable place. Not just as individuals but, more importantly, as businesses, we can truly have an impact on today’s world. We strongly encourage our employees to participate in local charity initiatives, contributing to the empowerment of people, society and the environment.
BENJAMIN RUNS FOR KIKA
We proudly support our colleague Benjamin. He’s been running in order to raise funds for KiKa, a Dutch charity that finances research on all forms of childhood cancer. “When I told my colleagues that I was running for KiKa, many of them contributed without hesitation. I’m also trying to get more colleagues involved by joining me in the next KiKa run!”
STX TRANSFORMS LOCAL PLAYGROUND
We are assisting a local school in Amsterdam to build a new playground. This is done, in part, by donating money to the school but, to a larger extent, also by getting our own hands dirty and helping with the construction. Ensuring that children have the opportunity to play outside, as well as educating them about sustainability, is important to us.